Only around nine percent of Americans cast votes for Donald Trump or Hillary Clinton in the presidential primaries, New York Times writers Alicia Parlapano and Adam Pearce noted. That means less than 10% of the US population decided who the presidential nominees for the two major parties would be.Read more
The number of delinquent loan balances at BOFI doubled between June 30, 2014, and September 30, 2014, which indicates that the bank’s loan book could quickly melt down.Read more
Something else that is also obvious is that PayPal would be an acquisition target; purchasing it would give a large bank, retailer or credit card company access to a vast financial network and tens of millions of potential customers.Read more
Payment solutions like Apple Pay make Bank of Internet’s business model obsolete.
Despite its impressive revenue growth Bank of Internet is still a very small niche player.
Bank of Internet simply lacks the resources to challenge giant competitors like Bank of America.
By making banking at any institution more convenient Apple Pay poses a serious challenge to Bank of Internet.